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Cristo Rey Group
In this Group: Noemi, Fabiana, Clara, Gertrudis, Cristina, Basilicia, Leticia, Mariela, Celia, Eduvigis, Andresa, Matilde
The 13 members of this communal bank are putting forth great effort in order to improve what each one is doing. This way they will provide their families with everything they need to get ahead. They are women who are the head of their households, and they have decided to take the reins of their households in hand and to persevere.

Fabiana is an example. She sells cakes. She says that she gets plenty of orders from people from all over. Thanks to this, it is going very well for her. She is a very hard-working person, and she struggles to get ahead.

She is requesting this loan to buy flour, eggs, sugar, sweets, and the other ingredients in order to be able to continue delighting her customers with the delicious cakes that she makes.
View original language description ↓
Las 13 integrantes de este comité están esforzándose por mejorar lo que cada una está haciendo, y así brindar a su familia todo lo que necesitan para salir adelante, son mujeres jefas de familia que han decidido tomar en sus manos las riendas de la casa y luchar.
Una persona ejemplo es Fabiana, quien se dedica a la venta de tortas, cuenta que recibe bastantes pedidos de personas de todas partes, y que gracias a eso le está yendo muy bien. Ella es una persona muy trabajadora y que lucha por salir adelante.
Solicita de este crédito para la compra de harina, huevo, azúcar, dulce, y demás insumos para poder seguir deleitando a sus clientes con las tortas deliciosas que hace.

Additional Information

About Fundación Paraguaya

Fundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Paraguay

  • $8,400
    Average annual income
  • 110
    View loans »
    Paraguay Loans Fundraising
  • $31,646,475
    Funds lent in using Kiva
  • 4,186.8
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Rey Group's $3,575 loan helped a member to buy flour, eggs, sugar, sweets, and the other ingredients to make cakes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2013
Listed
May 22, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013